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July 2023

Stirling Property POV

The property market in the Stirling area has been buoyant in the last few weeks, as we would normally expect at this time of year. Rental properties, particularly flats, are in high demand and are being snapped up as soon as they become available. Landlords are taking a cautious approach to rent increases, however, as disposable income remains tight.

Smaller properties with a good EPC rating tend to move quickly as we see demand outstrip supply. This is having a positive effect on property prices, which remain strong within this category. We have also seen a large increase in demand for 3 bedroom semi-detached or end-terraced houses mainly due to the cost of living crisis. However, this has caused the 4/5+ bed market to slow ever so slightly as supply of this property type increases and demand slows.

POM July 23

However, O’Malley Property remains positive at the current outlook of the property market in general, even though we are surrounded by negative media and an ever increasing interest rate, we feel the property market will remain robust and properties will continue to sell, and our own recent success stories are a testament to that.

Property Market Insights

Stirling

Average price is£208,794

in Stirling and Alloa

Average rent is£745 pcm

in Stirling and Alloa

Most in demand is3 bed semi-detached

or end of terrace

July Highlights

POM July 23 - 30a Norwood Avenue

Luxurious 5 Bedroom House

Situated in a peaceful neighbourhood, this impressive home offers comfort, luxury and tranquility in a convenient location with easy access to schools, shops and transport links. Highlights include a light-filled living room, five generously sized bedrooms and a well-maintained garden.

POM July 23 - 44A High Street

First Floor Flat To Rent

A spacious two-bedroom flat is available in the centre of Tillycoutry. With a large lounge and modern fitted kitchen and many amenities within walking distance, it’s well worth viewing as soon as possible.

Success Story

The current home owners of Hodgson Crescent, Alva listed their property in
 October 2022 with an alternative agent and were promised multiple viewings, 
closing dates and excessive offers over the home report. Unfortunately, 
none of this happened which caused them to withdraw from the market. In 2023, the homeowners approached O’Malley Property to relist their
 property and not only did we secure them a new buyer, we secured them close
 to £320,000 in the end.

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